Dec. 8 at 2:13 PM
$VSTTF After thinking about this more and reading the prospectus again I see warrants have this clause:
"If less than 70% of the consideration receivable by the holders of Ordinary Shares in such a transaction is payable in the form of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of the Warrant properly exercises the Warrant within thirty days following public disclosure of such transaction, the warrant exercise price will be reduced ...
"
If Nabors does an all stock deal the warrants will become useless essentially is what this says.
If as I believe there are entities "short shares, long warrants" this would mean a large net short position would occur in Nabors and then help it's stock price via forced buying (?)
